Skip to main content

NEWS

FCA’s Consumer Duty Comes into Force:
What Should Lenders Expect?

Allison Karavos
August 7, 2023

The Financial Conduct Authority’s Consumer Duty has come into force, requiring firms to be open and honest, avoid harm, and support consumers to pursue their financial goals. The new rules for financial services firms in the United Kingdom set a higher standard of consumer protection, including better support, communications, as well as products and services that meet consumers’ needs and offer fair value.

The Finance Feeds tapped two industry experts from Provenir – Chris Kneen, Managing Director, UK & Ireland, and Frode Berg, Managing Director, Europe – for their insights on this regulatory milestone.

The Ultimate Guide to Decision Engines

What is a decision engine and how does it help your business processes?


LATEST NEWS

AI-powered risk decisioning platform connects fraud scores, identity checks and device validation…
NEWS Provenir Wins‘Best Technology Provider – Risk Decisioning’ in the 2024 Credit Strategy Credi…
NEWS Kueski Selects Provenirto Power its Aggressive Growth and Expansion Plans Provenir and Kuesk…